This Retail Property is no longer advertised on LoopNet.com.

4590 US-45
Watersmeet, MI 49969
FAMILY DOLLAR · Retail Property For Sale

Investment Highlights

  • 2014 build-to-suit construction for Family Dollar
  • Absolute NNN lease with zero management responsibilities
  • Rare 10% rent increase during the base term (cap rate will increase to 8.25%, assuming a purchase at list price)
  • ±6.50-Years remaining on the base term of an initial 15-year lease
  • Attractive 7.50% cap rate for a long term stabilized Family Dollar asset

Property Facts

Property Type
Retail
Building Size
8,320 SF
Year Built
2014
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
5.16 AC
Zoning
R 1

Property Taxes

Property Taxes

Parcel Number
06-22-704-400
Land Assessment
$58,802
Improvements Assessment
$0
Total Assessment
$58,802
  • Listing ID: 25922725

  • Date on Market: 6/13/2022

  • Last Updated:

  • Address: 4590 US-45, Watersmeet, MI 49969

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}